1、State of CVCGlobal|Q1 2025Global data and analysis on CVC-backed deals and funding to private market companiesState of CVC2 2Make smartertech decisions.Our platform will help you discover,understand,and manage your response to emerging tech.Make confident tech decisions that drive growth,improve ope

2、rations,and beat the competition with CB Insights.IIIITry our platform free!State of CVC3 3“Steal”our data.Download the underlying data in this report.If you create any analysis or visualizations with this data,send it our way and you could be featured in the CBI newsletter.us on social LinkedIn X(T

3、witter)InstagramIIIIDownload the raw dataTL;DR4Your rundown onCVC in Q125$13.1BCVC-backed funding to US companies.US companies raised$13.1B in CVC-backed funding,capturing 70%of total funding in Q125,reflecting strength despite economic headwinds.Among US metros,Silicon Valley continues to command t

4、he highest share of CVC-backed investment at$7.5B,or 57%of the US total.See the data 7Of the top 10 CVC deals go to AI companies.AI continued to dominate CVC activity in Q125,securing 7 of the top 10 deals.Those 7 deals drove 31%of all CVC-backed funding for the quarter.This concentration signals a

5、strategic focus by CVCs to place massive bets onstartups with the potential to reshape industries.See the data 65%Of CVC deals go to early-stage companies.Early-stage deals represent 65%of all CVC activity in 2025 YTD,tied for a record high matched by each year since 2023.With median early-stage dea

6、l size growing to$5.8M,CVCs are placing larger bets on young companies in an increasingly selective environment.See the data 891Avg.Mosaic score for Salesforce Ventures Q1 bets.Among CVCs with 5+investments in Q125,Salesforce Ventures had the strongest portfolio based on average Mosaic(measuring sta